Wednesday, February 21, 2007

A Prohibited Transaction

The West Virginia Supreme Court of Appeals suspended a lawyer for 60 days for obtaining a $15,000 loan from a client who also was related to the lawyer. The transaction was not sufficiently documented and the client was not advised to seek independent legal counsel. The attorney also had declared bankruptcy and did not list the loan on the bankruptcy forms. He claimed that the omission was the product of his lack of familiarity with bankruptcy practice. One aggravating factor was that the attorney had been admonished for the same misconduct in 2001. (Mike Frisch)

http://lawprofessors.typepad.com/legal_profession/2007/02/a_prohibited_tr.html

Bar Discipline & Process | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d83574b13769e2

Listed below are links to weblogs that reference A Prohibited Transaction:

Comments

Post a comment